Efficiency wages may lower employee turnover.
Answer the following statement true (T) or false (F)
True
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If income decreases or the price of a complement rises
A) the demand curve for a normal good shifts leftward. B) the demand curve for a normal good shifts rightward. C) there is an upward movement along the demand curve for the good. D) there is a downward movement along the demand curve for the good.
As a large number of students graduate from college, which category of unemployment would increase?
a. Seasonal unemployment b. Structural unemployment c. Frictional unemployment d. Cyclical unemployment e. They will have no effect on unemployment
Which of the following is not part of the investment component of GDP?
A. Residential construction B. Plant, equipment, and software C. Net imports D. Business structures
How will an increase in the efficiency of the payments mechanism effect velocity?
A. Velocity will decrease. B. Velocity will increase. C. Velocity will remain constant. D. Velocity is unrelated to payments.